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Rating:BlackRock and Pimco Managers Worry Over Short-Term TIPS Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, November 24, 2009

BlackRock and Pimco Managers Worry Over Short-Term TIPS

News summary by MFWire's editors

Fundsters interested in Treasury Inflation-Protected Securities may want to check out the Tuesday "Fund Track" column. The Wall Street Journal's Min Zeng highlights TIPS opinions from BlacRock's Brian Weinstein and Pimco's Mihir Worah.

Weinstein calls long-term TIPS attractive, though he warns that short-term TIPS may fall victim to deflation. Weinstein, who manages the $1.7 billion BlackRock Inflation Protected Bond fund, said that TIPS maturing in January or April 2011 are not worth owning, but he said long-term TIPS are more attractive.

Weinstein's fund has achieved net inflows of $1 billion this year through September, a significant increase over the $340 million netted in all of 2008.

Worah, who manages the $15.4 billion Pimco Real Return Fund, echoed Weinstein in noting that deflation at some point next year is a possibility. 

Edited by: Adam Kommel

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